Day: July 23, 2025

Dow Jones DJIA Close to Historic Breakout as Mood Improves on US-Japan Deal

Posted on by Skerdian Meta

The major U.S. stock indices ended the session at their highs today, with S&P 500 and NASDAQ closing at new all-time highs, while Dow Jones came tantalizingly close to its own milestone. Continue reading “Dow Jones DJIA Close to Historic Breakout as Mood Improves on US-Japan Deal” →

Mexican Peso Strengthens Following the U.S.-Japan Agreement

Posted on by Ignacio Teson

The Mexican peso appreciated against the U.S. dollar on Wednesday, marking its fourth consecutive day of gains. The rally was fueled by market optimism following U.S. President Donald Trump’s announcement of a trade agreement with Japan.

The exchange rate closed the session at 18.5329 pesos per dollar, strengthening 10.54 centavos (0.57%) compared to Tuesday’s official closing of 18.6383, according to data from the Bank of Mexico (Banxico). This marks the peso’s strongest level in nearly a year.

The dollar traded between a high of 18.6863 and a low of 18.5245 pesos, while the U.S. Dollar Index (DXY), which measures the greenback against six major currencies, slipped 0.16% to 97.20.

[[USD/MXN-graph]]

Trade Optimism

In a post on his Truth Social platform, Trump announced a “massive” deal with Japan involving reciprocal 15% tariffs. He also expressed hopes of reaching a similar agreement with the European Union.

Japanese Prime Minister Shigeru Ishiba confirmed that the 15% tariff would also apply to automobiles, down from the previous 25%, noting that 15% is the lowest rate among countries with which the U.S. runs a trade deficit.

Markets also reacted positively to news of a proposed $550 billion Japanese investment fund targeting the U.S. economy. With the August 1 tariff deadline approaching, investors are hopeful that the agreement could pave the way for deals with other nations and help ease global trade tensions.

Peso Rides Four-Day Streak

The peso has now gained 1.19% (22.40 centavos) since last Thursday’s close of 18.7569. During today’s session, it touched its strongest level since August of last year.

If the rally continues, the next technical support level could be around 17.80 pesos per dollar. Traders will be watching closely for Mexico’s mid-July inflation data, expected tomorrow, which is anticipated to show a modest uptick.

Cryptocurrencies Plunge Up to 12% as Bitcoin Falls Below $118,000

Posted on by Ignacio Teson

Cryptocurrencies are experiencing sharp losses this Wednesday after several weeks of strong gains. Bitcoin (BTC) fell 1.6%, slipping below the $118,000 threshold to around $117,924, according to Binance. Ethereum (ETH) dropped 3.7% to $3,566.94.

Altcoins posted even steeper declines, with Ripple (XRP) and Dogecoin down 10.5%, followed by Cardano (ADA) (-9.8%) and Solana (SOL) (-7.1%). Meanwhile, BNB fell 1.9% to $761.75, and Tron (TRX) dropped 1.8% to $0.3077.

Despite the sell-off, analysts view the downturn as a healthy round of profit-taking, not a sign of a deeper reversal. Both BTC and ETH had recently touched new highs—Bitcoin hit a fresh all-time record, and Ethereum climbed to its highest level since late 2024.

[[BTC/USD-graph]]

ETFs Reflect Consolidation Phase

The correction is also showing in the crypto-linked exchange-traded funds (ETFs). Spot Bitcoin ETFs saw two straight sessions of net outflows, following twelve consecutive days of inflows totaling over $6.6 billion. However, the recent outflows were smaller than any single day of inflows since July 9.

On the other hand, Ethereum ETFs continue to attract capital, with 13 consecutive days of net inflows. According to CoinShares, crypto investment products registered a record $4.39 billion in weekly inflows, surpassing the previous peak of $4.27 billion seen after the U.S. elections in December 2024.
Institutional Support Remains Strong

Analysts remain confident that institutional appetite for crypto is growing, supported by:

      • New pro-crypto regulations recently passed in the U.S.
      • Moves by major corporations like Trump Media, which added Bitcoin to its balance sheet.
      • A shift in traditional banking, highlighted by reports that JPMorgan Chase is considering crypto-backed loans—a major reversal for CEO Jamie Dimon, who once called Bitcoin a “fraud.” He now says: “I support your right to buy Bitcoin. Go ahead.”

Fed Outlook Adds to Optimism

Adding to the favorable outlook is the possibility of rate cuts by the Federal Reserve later this year. Slowing inflation in the U.S. has led analysts at Goldman Sachs to project three 25-basis-point cuts by year-end—conditions that typically favor risk assets like cryptocurrencies.

In summary, while today’s drop may seem steep, it’s part of a broader consolidation within an ongoing bullish cycle, underpinned by institutional adoption, ETF momentum, and regulatory clarity.

Tesla Q2: TSLA Stock Holds Above $300 on Stable EPS, Robotaxi Future Hopes

Posted on by Skerdian Meta

Tesla’s Q2 results delivered few surprises, but the launch of its robotaxi pilot in Austin may prove to be a turning point for the EV giant’s long-term narrative, helping TSLA hold above $300 today. Continue reading “Tesla Q2: TSLA Stock Holds Above $300 on Stable EPS, Robotaxi Future Hopes” →

AT&T Posts Nearly 26% Surge in First-Half Profits

Posted on by Ignacio Teson

U.S. telecom giant AT&T posted a net attributable profit of $8.85 billion in the first half of the year, marking a 25.7% increase compared to the same period in 2024. Revenue rose 2.75% to $61.47 billion, while operating income jumped to $12.26 billion.

For Q2 alone, AT&T recorded a $4.5 billion profit (+25.1% year-over-year), with revenue of $30.85 billion (+3.5%) and operating income up 12.9% to $6.5 billion.

CEO John Stankey credited the growth to AT&T’s expanding fiber and wireless networks, which he described as the nation’s largest and most advanced.

Looking ahead, AT&T expects to save between $6.5 billion and $8 billion in taxes through 2027, driven by President Trump’s new “One Big Beautiful Bill” budget reconciliation law. The company plans to reinvest $3.5 billion of those savings into its fiber network and allocate $1.5 billion to its employee pension plan.

For full-year 2025, AT&T forecasts adjusted EBITDA growth above 3%, capital expenditures (capex) of up to $22.5 billion, and free cash flow near $16 billion.

In other telecom news, Nokia fell sharply after cutting its guidance.

Nokia Shares Plunge After Cutting 2025 Outlook

Shares of Finnish telecom giant Nokia fell around 7.5% on the stock market after the company downgraded its 2025 operating profit (EBIT) forecast, citing a weaker U.S. dollar and mounting tariff pressures.

The stock traded at €3.79, down 12.1% from the €4.32 level seen at the beginning of the year. The downgrade has amplified investor concerns over macroeconomic headwinds and trade tensions impacting global tech firms.

Is Tesla Stock Headed for More Trouble?

Posted on by Timothy St. John

Tesla (TSLA) stock climbed slightly in early morning trading for Wednesday, and it has been relatively high for the past week of trading, but that could soon change.

Tesla may be in for a further stock slump soon.
Tesla may be in for a further stock slump soon.

Sales for Tesla vehicles in California are down in the latest report, which showed a drop of 21.1% in vehicle registrations for the electric automaker. This covers the most recent quarter, and the negative report is just one more in a long list of similar reports from regions around the world.

In a few areas, Tesla sales have increased in 2025, but in most major markets, Tesla sales are dropping. Adding that latest report from California to the others creates a damning image of Tesla’s sales performance. For five consecutive months, Tesla sales have been dropping in Europe. Compared to May of last year, in a recent report, the sales for Tesla vehicles were down 27% in the region.

Musk Returns to Politics

Even though Elon Musk has left the United States government and has resumed his work as Tesla’s CEO, he is preparing to reenter politics. He announced earlier this month that he would be starting up the America Party which would serve as a rival to both Democrats and Republicans.

The shift back into politics could hurt Tesla, as it is widely believed that Musk’s political affiliations have hurt company sales over the last year. This further move toward politics may further hurt the company’s ability to improve their stock and stay afloat.

Tesla may struggle with profitability the next quarter, especially with rising tariff rates and a lack of protection from the Trump administration. Now that Musk and Trump are no longer partners, they are butting heads, and Musk could end up on the losing end of that fight. The biggest potential loss for Musk would be in the area of very profitable government contracts. If his company loses those, they could struggle to stay profitable this quarter.

 

 

 

XRP Evaporates Under Relentless Crypto Sun

Posted on by Olumide Adesina

XRP experienced a nearly 9% decline in value, sinking below the key support level at $3.50, which had been tested multiple times today. A noteworthy development followed the news from the U.S. market: the Securities and Exchange Commission (SEC) postponed the conversion of Bitwise’s cryptocurrency index fund into an exchange-traded fund (ETF).

Although Bitwise initially received “accelerated approval” for the ETF conversion from the SEC, this approval was later delayed, leading to confusion among investors.

Many investors were unhappy with the SEC’s delay, as spot-crypto ETFs are considered a significant catalyst for numerous cryptocurrencies, often resulting in increased liquidity and institutional ownership.

The likelihood of a spot XRP ETF is considered promising despite a decline in odds on Polymarket, which remain high at 85%. Analysts continue to highlight bullish setups, supported by ETF inflows and improving regulatory perspectives, with institutional participation remaining strong.